Introduction: The robust rise in the e-commerce industry has led to an increasing need for a proper legislative framework to govern Electronic contracts or E-contracts in India. E-contracts are contracts based on industrial transactions carried out electronically and formed via an exchange of emails and online agreements. [i]The law pertaining Read more…
Introduction: In the age of digitalization, various technologies are being invented and every possible thing is trying to do through technology or digital mode. It is good that the digital mode is easy, efficient, and cheap. In the legal world, the use of technology is increasing day by day and Read more…
Introduction In order to learn the rights and liabilities of partners in a partnership firm, it is important to lay down a foundation on the basics of partnership, which is a special contract in itself. Need and essentials for the special contracts A contract for a special objective, a particular Read more…
Introduction: Every day-to-day transaction that is conducted involves the usage of contracts, whether verbal or written. Contracts are an indispensable part of any individual’s life and are utilized at every part. Contracts are essentially a bundle of rights and obligations that tend to bind one party with another in exchange Read more…
Introduction: Guarantee is defined as “a promise to answer for the debt, default or miscarriage of another”. “Contract of guarantee” is collateral undertaking to be liable for the default of another. The person who gives the guarantee is called “surety”, the person in respect of whose default the guarantee is Read more…
Introduction: A quasi-contract is a contract that is created by the court’s order, not by an agreement between parties to the contract. For example, quasi-contracts are created by the court when no official agreement exists between the parties, in disputes overpayments for goods or services. The objective behind the creation Read more…
Introduction The law of contracts is an evolving concept based on the theories propounded by various scholars to explain the liability and obligations arising due to a contract upon the parties entering into it. The theory holds significance in the law as the common law as well as the Indian Read more…
Introduction: A contract is an agreement that governs and recognizes the rights and duties of two parties. It is legally enforceable because it meets the requirement and approval of both parties. An agreement usually involves the exchange of goods, services, money, promises of anything. If there is a breach of Read more…
INTRODUCTION A contract is an agreement to do or not to do something. According to Salmond, a contract is “an agreement creating and defining the obligations between two or more parties “ A contract can only be formed when an offer by one party is accepted by the other which Read more…
Introduction A partnership firm is an organization that is form with two or more persons to run a business with an intention to earn profits. Each member of such a union is known as a partner and collectively known as a partnership firm. These firms are govern by the Indian Read more…
Introduction In a joint media release, on 28th March 2019, the Hon Stuart Robert, MP, and the Hon Michaekia Cash, Senator, announced that the small business owners will be protected from unfair contract terms. However, the ACCC, the regulatory body of the unfair contract term regime, said that the current Read more…
Introduction According to Section 2(h) of the Indian Contract Act of 1872, “an agreement enforceable by law is a contract”. A contract is an agreement among parties that is within the scope of the law. But how do we know what is enforceable by law and what is not? If Read more…